Herold Advisors Inc. Has $497,000 Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Herold Advisors Inc. lessened its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,096 shares of the company’s stock after selling 1,070 shares during the quarter. Herold Advisors Inc.’s holdings in Brookfield Infrastructure were worth $497,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BIPC. CWM LLC boosted its holdings in shares of Brookfield Infrastructure by 81.6% in the 3rd quarter. CWM LLC now owns 2,059 shares of the company’s stock valued at $73,000 after buying an additional 925 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Brookfield Infrastructure by 1,780.3% in the 3rd quarter. SG Americas Securities LLC now owns 48,285 shares of the company’s stock valued at $1,706,000 after buying an additional 45,717 shares during the last quarter. Fenimore Asset Management Inc. boosted its holdings in shares of Brookfield Infrastructure by 28.2% in the 3rd quarter. Fenimore Asset Management Inc. now owns 460,767 shares of the company’s stock valued at $16,284,000 after buying an additional 101,222 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in shares of Brookfield Infrastructure by 14.3% in the 3rd quarter. Copeland Capital Management LLC now owns 1,751,948 shares of the company’s stock valued at $61,914,000 after buying an additional 219,580 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Brookfield Infrastructure by 2.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 30,029 shares of the company’s stock valued at $1,061,000 after buying an additional 662 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

BIPC traded down $0.32 during trading hours on Friday, reaching $31.31. The company’s stock had a trading volume of 331,147 shares, compared to its average volume of 563,793. Brookfield Infrastructure Co. has a 52 week low of $25.48 and a 52 week high of $48.23. The company’s 50-day moving average is $33.49 and its 200-day moving average is $33.25. The firm has a market cap of $4.13 billion, a PE ratio of 21.74 and a beta of 1.38.

Brookfield Infrastructure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.38. Brookfield Infrastructure’s dividend payout ratio is 112.50%.

Brookfield Infrastructure Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.